Maine Association of Nonprofits

Analysis

Maine Association of Nonprofits is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maine Association of Nonprofits reported income of $833k and spending of $1.1m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $833k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maine Association of Nonprofits sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include San Diego Diplomacy Council ($833k), Faith in Action East Bay ($833k) and Michigan Association of Planning a Chapter of the American Planning ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $105k (9.9% of expenses). Other salaries and wages came to $406k. At year end it held assets of $794k against liabilities of $259k, net assets of $535k. It reported 10 employees.